Given the following equations tr 72 q 2 q ² tc 10 12

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Given the following equations: TR = 72 Q – 2 Q ²; TC = 10 + 12 Q + 4 Q ² Calculate the maximum profit output and the amount of profit at that output using both methods. Answer
Chapter 5 Chapter 6 Give one more example in each category.
Would you expect builders and restaurateurs to have the same degree of control over price? Take the case of the market for shares in a large company like Ford. Go through each of the 4
assumptions above and see if they apply in this case. (Don’t be misled by assumption (1). The ‘firm’ in this case is not Ford itself.)
Is the market for gold perfectly competitive?

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